Datz Real Estate Capital is pleased to announce it has arranged a $11,765,000 loan, supporting the acquisition of a 190,000 square foot, five-building flex/industrial portfolio located in Delaware County, Pennsylvania.
Situated within several miles of Interstate 95 and the Philadelphia International Airport, the portfolio is 90% occupied with various service and life-science tenants.
The loan, which was arranged through a Top 25 US bank, provided the following terms:
- 70% LTC
- 25+ year amortization
- Fixed at 4.25%
- Non-recourse
- Two years of interest-only payments
This loan served to complete the time-sensitive acquisition and allow for reserve dollars to be funded for an immediate package of capital improvements.
Chris Datz, President and CEO, said “this was a highly competitive transaction which garnered interest from many banks, CMBS providers, and smaller insurance companies. Multiple term sheets were presented, and our client—a fully integrated commercial real estate services firm and investor—had the ability to execute on a highly tailored financing package in the allotted timeframe for the buy.”
Datz Real Estate Capital is a capital advisory firm that offers a comprehensive set of debt and equity solutions for a wide range of real estate transactions. We maintain an extensive network of capital providers and provide a thorough, creative process that produces competitive financing options for our clients, and ensures certainty of execution.
For more information about our capabilities and offerings, visit www.drealcap.com or contact one of our principals:
- Chris Datz, President and CEO – rcd@drealcap.com, 610-585-2586
- Dave Iemolo, Managing Director – dvi@drealcap.com, 610-608-2997